Nintendo Lowers Forecast
On Slow GameCube Sales

A Wall Street Journal Online NEWS ROUNDUP

Updated April 7, 2003 11:01 a.m. ET

Japanese game manufacturer Nintendo Co. lowered its earnings forecast for the fiscal year ended March 31 to &yen;66 billion ($547 million) Monday, citing slower-than-expected sales of its GameCube console.

The Kyoto-based maker of the Super Mario and Pokemon videogames also revised down its group net profit outlook by 17.5% from the earlier &yen;80 billion because GameCube sales totaled 5.6 million machines and failed to reach...